OptionEye Global Macro Outlook January 30th
Overnight markets see corn up 1, beans pretty steady and wheat up 5.
The dollar is still pretty weak at 89.34 up .03.
The stock market is taking it on the chin a bit overnight which is a continuation of yesterday's slide. The S&P future is lower by almost 10 points and the Dow future down by 142. Let's see if they recover at all by the opening.
The 10 year yield is part of the movement with the yield spiking above 2.70% yesterday and it currently trades at 2.69%.
The crude oil market also a mover as of late and trades at $65.00 which is lower by .56 cents this morning. The gold market trying to keep up with a cheaper dollar and trades at $1344.02 up $3.71.
Today we get the S&P Case/Shiller Housing numbers, Conference Board Consumer Confidence, Present Situations and Expectations.